Reported 3 days ago
US stocks saw gains on Friday as the S&P 500 rose 1% and the Dow Jones increased by 0.6%, led by the tech-heavy Nasdaq's 1.3% boost. This occurred despite a five-day losing streak for the S&P 500 before Friday’s trades, with both the S&P 500 and Dow expected to close the short holiday week down over 1%. Additionally, Tesla shares rebounded after reporting strong sales in China, while US Steel stocks fell after President Biden blocked their sale to Nippon Steel.
Source: YAHOO